题目
题目

ECON_002_001_25F Problem Set 2

单项选择题

If MPL = 6, the price of output is $4, and the wage is $30, then the firm should

选项
A.hire more labor
B.reduce labor
C.be at equilibrium
D.fire all workers
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标准答案
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思路分析
To analyze the firm's hiring decision, we compute the marginal revenue product (MRP) of labor, which tells us the value of hiring one more unit of labor. First, calculate MRP = P × MPL. Here, P = 4 and MPL = 6, so MRP = 4 × 6 = 24. Now compare MRP to the wage:......Login to view full explanation

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